Jenkins Company has the following stockholders' equity section of its balance sheet on January Jenkins Company Stockholders' Equity January I 5% Preferred Stock, par value $105, 10,000 shares issued and outstanding Common Stock, par value $28, 55,000 shares issued and outstanding Additional Paid-In Capital Retained Earnings $1,050,000 1,540,000 2,490,000 1,940,000 $7,020,000 Total Stockholders' Equity In addition, Jenkins Company had the following transactions during the year May September 1 November 1 1 Issued 26,400 shares of common stock Issued 27,600 shares of common stock Purchased 2,520 shares of treasury stock